Which of the Following Is NOT a Function of the Reserve

question 56

Multiple Choice

Which of the following is NOT a function of the Reserve Bank of Australia (RBA) ?

• A)Banker for the Federal Government.
• B)Issuer of Australian notes.
• C)Monetary policy maker.
• D)Supervisor of the financial markets.

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Definitions:

Correspondent Inference

The process by which observers infer the stable dispositions of others from their observed behavior, particularly when the actions are non-common or unexpected.

Representativeness Heuristic

The tendency to overestimate the likelihood that a target is part of a category if the person has features that seem representative of that category.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Halo Effect

A cognitive bias where a positive impression in one area influences a person's perception in other areas.